Stock Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
Erayak Power Solution Group Inc. (NASDAQ:RAYA)
Sidelines Mode (-55) - RAYA is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid RAYA?
MarketClub looks at technical strength and momentum to determine if the timing is right for RAYA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RAYA
The long-term trend has been DOWN since Mar 23rd, 2023 at 1.72
The intermediate-term trend has been UP since Apr 19th, 2023 at 2.18
The short-term trend has been DOWN since May 25th, 2023 at 1.82
Smart Scan Analysis for RAYA
Based on our trend formula, RAYA is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||3.8864||52wk High Date||2022-12-22|
|52wk Low||1.51||52wk Low Date||2023-03-23|
|Average Volume||19,796||Shares Outstanding||11,000|